US - Market Direction 41 (Mar 18 - Jul18)

Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Mon Apr 09, 2018 7:49 pm

NEW HIGHS OF NOTE LAST WEEK

Burlington Stores (BURL)... discount "one-stop shop"
Abercrombie & Fitch (ANF)... "bad to less bad" in retail
American Eagle Outfitters (AEO)... "bad to less bad" in retail
Urban Outfitters (URBN)... "bad to less bad" in retail
Columbia Sportswear (COLM)... outdoor apparel and products
Lululemon Athletica (LULU)... innovative apparel
Tailored Brands (TLRD)... men's apparel
Guess (GES)... clothing and accessories
Estée Lauder (EL)... cosmetics
Tapestry (TPR)... luxury purses
Ruth's Hospitality (RUTH)... steak dinners
Bloomin' Brands (BLMN)... steak dinners
Texas Roadhouse (TXRH)... steak dinners
Boston Beer (SAM)... beer
Callaway Golf (ELY)... golf equipment
Southern Copper (SCCO)... copper
Northrop Grumman (NOC)... "offense" contractor
Ecolab (ECL)... sanitation technology
Medifast (MED)... weight-loss products

NEW LOWS OF NOTE LAST WEEK

GoPro (GPRO)... "cocktail party" stock
Kraft Heinz (KHC)... ketchup, cheese, and more
Walgreens Boots Alliance (WBA)... drugstores
Merck (MRK)... Big Pharma
Weatherford (WFT)... oilfield services

Source: Daily Wealth
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Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Thu Apr 12, 2018 1:34 pm

Two Months After Stock Rout, One Bull Becomes First to Blink

Strategists have been boosting year-end numbers since November
RBC’s Lori Calvasina slashed S&P 500 target to 2,890 Tuesday
Bob Doll Says We Are in a Broad Trading Range

Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets, slashed her year-end S&P 500 projection to 2,890 from 3,000 on Tuesday. She said that the backdrop for U.S. stocks has eroded, though it hasn’t yet become negative.

Among 24 strategists whose S&P 500 calls Bloomberg tracks, she is the first to cut the year-end estimate for 2018, data compiled by Bloomberg show.

Since November, when the strategists started issuing their outlooks en masse, not a single one reduced their target until today. Optimism that Donald Trump’s tax cuts would fuel corporate earnings growth led to a fury of target price upgrades between December and late February.

Calvasina also slashed the index’s earnings-per-share estimate to $151 from $155 amid a reduction in margin assumptions for earnings before interest and taxes.

Calvasina downgraded the technology sector to an underweight and upgraded utilities to market weight, saying the sector is the best choice for defensive exposure.

Source: Bloomberg

https://www.bloomberg.com/news/articles ... t-to-blink
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Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Sat Apr 14, 2018 9:15 am

This market ‘wizard’ just predicted another rally

by Nick Rokke

Marko Kolanovic came to prominence after forecasting the August 2015 flash crash.

He told Barron’s that—despite the recent 7%-plus drop in the S&P 500—the market would rebound off strong earnings


Source: Palm Beach Daily

http://thecrux.com/this-market-wizard-j ... her-rally/
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Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Mon Apr 16, 2018 10:15 am

MONDAY

The big news Friday was the Syria 'coalition' strikes.

The worry is that causes some further brouhaha, but it helped when Trump's defense minister said the strikes were a 'one time thing.' Later Trump stated it was 'mission accomplished.'

With the selloff ahead of earnings, the start of the move higher, the lower volume on the downside sessions, and the ability to thus far shake off geopolitics, we are still looking for the move upside to continue.

Source: Investment House
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Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Mon Apr 16, 2018 10:29 am

CHARTS

NASDAQ: Moved up to the 50 day MA's on the week, but was rebuffed Friday. Holding over the rising 10 day EMA and we anticipate NASDAQ to continue the move next week given the good leadership. NASDAQ appears to have formed a ew, wider uptrending channel using the 200 day SMA on the lows. Rallied off that level just over a week back, a quick test, then the move higher
last week.

DJ30: Off the February lows touched just 7 sessions back. February lows, 200 day SMA, 61% Fibonacci retracement -- very good support. Bounced up to the 50 day EMA Friday, faded modestly, lower trade. Okay, a double bottom at the February lows, and now something of a downward pointing wedge forming. Wedges tend to resolve to opposite direction of the point, and in this case that would be upside.

SP500: Also held the February lows, 200 day SMA, and its 78% Fibonacci retracement. Bounced through the Friday open, testing the 50 day MA's from below. Faded that move, but is in very good position to hold and continue the move higher.

Source: Investment House
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Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Mon Apr 16, 2018 7:43 pm

NEW HIGHS OF NOTE LAST WEEK

Abercrombie & Fitch (ANF)... "bad to less bad" in retail
American Eagle Outfitters (AEO)... "bad to less bad" in retail
Urban Outfitters (URBN)... "bad to less bad" in retail
Tailored Brands (TLRD)... men's apparel
Columbia Sportswear (COLM)... outdoor apparel and products
Lululemon Athletica (LULU)... innovative apparel
Callaway Golf (ELY)... golf equipment
Five Below (FIVE)... discount retailer
Ollie's Bargain Outlet (OLLI)... discount retailer
Etsy (ETSY)... online marketplace
Denny's (DENN)... a chain restaurant goes online
Boston Beer (SAM)... beer
Medifast (MED)... weight-loss products
AMN Healthcare Services (AMN)... health care staffing
AstraZeneca (AZN)... Big Pharma
Ecolab (ECL)... sanitation technology
Hess (HES)... oil and gas
Total (TOT)... oil and gas
ConocoPhillips (COP)... oil and gas
Anadarko Petroleum (APC)... oil and gas
HollyFrontier (HFC)... oil refiner
Valero Energy (VLO)... oil refiner
Rayonier (RYN)... timberland
Monsanto (MON)... seeds and pesticides
Southern Copper (SCCO)... copper


NEW LOWS OF NOTE LAST WEEK

Prestige Brands (PBH)... health and cleaning products
Tupperware Brands (TUP)... household goods
Bed Bath & Beyond (BBBY)... home goods
U.S. Concrete (USCR)... concrete


Source: Daily Wealth
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Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Tue Apr 17, 2018 7:19 pm

This 'Shock Drop' Indicator Hints the Stock Market's Bottom for the Year Is In

Stocks have been all over the map in 2018, mostly with a bias to the downside. This one market indicator by Canaccord Genuity's Tony Dwyer suggests that the bottom for the year has already formed.

by Brian Sozzi

"As a reminder, a shock drop is a correction sharp enough to cause the 10-week rate-of-change (ROC) in the CBOE Volatility Index (VIX) to spike to 125.

We found that, historically, every shock drop was followed by a bounce and then a nasty retest of the low as volatility began to decline."

Dwyer believes the latest action in the market off the February lows is comparable to other times there has been a shock drop.


Source: The Street

https://www.thestreet.com/markets/the-s ... t-14557412
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Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Tue Apr 17, 2018 7:55 pm

3 Charts That Will Quickly Support Your Bullishness on Stocks

Looking for validation of your bullish call on stocks? These three easy-to-read charts will do the trick.

by Brian Sozzi

From a technical perspective (below), the argument could be made markets have hit a short-term bottom.

The number of new highs has bounced, the number of new lows has fallen and the advance/decline ratio has stabilized.


Source: The Street

https://www.thestreet.com/investing/sto ... s-14556787
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Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Thu Apr 19, 2018 8:11 pm

We're at beginning stages of new bull market: Investment expert

There's a solid economic foundation in place that will support higher stock prices for the next three to five years, says Hennion & Walsh's Kevin Mahn.

"We are at the beginning stages now of a new bull market that's going to be driven now more by earnings growth and economic expansion," he says.

by Michelle Fox

Source: CNBC

https://www.cnbc.com/2018/04/17/were-at ... yptr=yahoo
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Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Mon Apr 23, 2018 8:16 am

MONDAY

Earnings ramp up with GOOG (4/23 after), AMZN (4/26 after). Others are set as well, and the bulls are looking for these stocks to reignite the upside move. As noted earlier, there are still very good patterns to drive higher.

Therefore we are looking at more positions as the market heads higher with some of these good patterns. Some oil, some big names, some retail. They are good, the move is still a bounce, they can still make us money.

Still looking for just a move up to near the prior highs before the move completely fizzles. It can move higher given all the good patterns, but with the semiconductors dropping out, that prospect dimmed.

Source: Investment House
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